Audi Turns Gloomier on Sales Outlook Due to Downturn in China
The Audi group sees lower sales and profitability this year as worsening conditions in China and US tariffs hamper the carmaker’s turnaround efforts.
The Audi group sees lower sales and profitability this year as worsening conditions in China and US tariffs hamper the carmaker’s turnaround efforts.
The first US liquefied natural gas shipment to China in more than a year will be re-exported, as the local companies involved look to tap higher profits overseas and avoid paying tariffs, according to people with knowledge of the matter.
An Asia-bound supertanker carrying Saudi oil has exited the Red Sea via the longer Suez Canal route while other vessels continue to risk the Bab el-Mandeb Strait, as Houthi threats heighten uncertainty in the region.
Vodacom Group Ltd. trimmed its dividend-payout plan and raised its revenue, earnings and cash-flow goals as the wireless carrier seeks to reinvest capital in its higher-growth eastern and northern African businesses.
Uber’s partner in its first African low-cost electric vehicle offering said the war between the US and Iran and resulting fuel price increases is igniting demand for its branded vehicles.